Another new low for downtown rental inventory

Downtown homes listed for rent on the MLS

Another Friday brings another low number of downtown homes listed for rent on the MLS. At this time last year, 1,350 condos, townhomes, and single-families in 14 downtown ZIP codes were available; as of this morning, there are 817.

Unit 4301 at Park Tower, 800 N Michigan Ave, ChicagoLeading the 182 homes listed in the last 7 days is a three-bedroom / three-bath on the 43rd floor of Park Tower, 800 N Michigan Ave. At $21,900, it’s the second most expensive rental in the city. The unit features unobstructed views of the lake to the east, stone and hardwood finishes, a master suite with an Italian steam room and huge walk-in shower, a state-of-the-art kitchen, an upscale sound system, and motorized shades. Renters also get access to all the amenities of the Park Hyatt hotel.

The home is also listed for sale at just under $3 million. Chezi Rafaeli of Coldwell Banker has both listings.

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